Malta Company Formation

Malta company formation is a tax efficient corporate structure that benefits from strict privacy regulations allowing owners to remain anonymous, if so desired.

Malta company formation is a fast process. After submission of the Memorandum and Articles to the Registrar, incorporation can be completed within 10 days.

Malta company formation allows entrepreneurs to register for EU VAT and gain access to a network of double taxation treaties with countries including Australia, France, Germany, Singapore, South Africa, the US and the UK.

One director and one shareholder is required for Malta company formation, and corporate directors are permitted. The director(s) need not be resident in Malta. One shareholder is required for Malta company formation.

To comply with Malta company formation regulations, the minimum capital requirement for a tax-exempt company is US$300.

A Maltese company is unlikely to be considered a tax-avoidance vehicle as itis required to submit annual audited accounts.

It is easy to open global corporate bank accounts to support Malta company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Following Malta company formation, shareholders and directors details are available for public viewing at the Malta Registry of Companies.

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In order for a Maltese company to receive an EU VAT number, the management and control of the company must be in Malta. The company is required to register for VAT in Malta if the total value of goods acquired in a calendar year from a VAT-registered EU company exceeds 10,000 Euros (US$14,700). Malta's VAT rate is 18%.

Following Malta company formation, annual accounts must be prepared and submitted to the Maltese government.

Malta cooperates with the Organisation for Economic Co-operation and Development (OECD) and Financial Action Task Force (FATF) on money laundering by sharing customer information with other countries.

Malta is negatively ranked as the world's 48th freest economy in the Heritage Foundation’s 2010 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.

Malta is negatively ranked as the 45th least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.